NasdaqGS:UBFO

Stock Analysis Report

United Security Bancshares

Executive Summary

United Security Bancshares operates as the holding company for United Security Bank, a state-chartered bank that provides a range of commercial banking services to the business and professional community, and individuals in California.

Snowflake

Fundamentals

Adequate balance sheet with proven track record.

Risks

  • United Security Bancshares is not covered by any analysts.

Similar Companies

Share Price & News

How has United Security Bancshares's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

-2.9%

NasdaqGS:UBFO

-1.8%

US Banks

-1.6%

US Market


1 Year Return

-8.0%

NasdaqGS:UBFO

-16.1%

US Banks

-3.0%

US Market

UBFO outperformed the Banks industry which returned -13.8% over the past year.

UBFO underperformed the Market in United States of America which returned -0% over the past year.


Share holder returns

UBFOIndustryMarket
7 Day-2.9%-1.8%-1.6%
30 Day-4.7%-10.6%-5.8%
90 Day-3.0%-5.0%0.2%
1 Year-4.1%-8.0%-13.7%-16.1%-0.8%-3.0%
3 Year81.7%67.4%37.9%28.5%38.0%29.1%
5 Year112.7%96.0%49.4%33.2%50.8%34.1%

Price Volatility Vs. Market

How volatile is United Security Bancshares's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is United Security Bancshares undervalued based on future cash flows and its price relative to the stock market?

11.05x

Price to Earnings (PE) ratio


Intrinsic Value Based on Future Cash Flows

United Security Bancshares's share price is above the future cash flow value, it's not available at a moderate discount (< 20%).

United Security Bancshares's share price is above the future cash flow value, it's not available at a substantial discount (< 40%).


Price Based on Earnings

United Security Bancshares is good value based on earnings compared to the US Banks industry average.

United Security Bancshares is good value based on earnings compared to the United States of America market.


Price Based on Expected Growth

Unable to calculate PEG ratio for United Security Bancshares, we can't assess if its growth is good value.


Price Based on Value of Assets

United Security Bancshares is overvalued based on assets compared to the US Banks industry average.


Next Steps

Future Growth

How is United Security Bancshares expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

-2.0%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Unable to determine if United Security Bancshares is high growth as no revenue estimate data is available.

United Security Bancshares's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.

Unable to compare United Security Bancshares's revenue growth to the United States of America market average as no estimate data is available.

United Security Bancshares's earnings are expected to decrease over the next 1-3 years, this is below the United States of America market average.

United Security Bancshares's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 2.7%.


Earnings per Share Growth Estimates


Future Return on Equity

Unable to establish if United Security Bancshares will efficiently use shareholders’ funds in the future without estimates of Return on Equity.


Next Steps

Past Performance

How has United Security Bancshares performed over the past 5 years?

17.3%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

United Security Bancshares's year on year earnings growth rate has been positive over the past 5 years.

United Security Bancshares's 1-year earnings growth exceeds its 5-year average (42.5% vs 17.3%)

United Security Bancshares's earnings growth has exceeded the US Banks industry average in the past year (42.5% vs 33.1%).


Return on Equity

United Security Bancshares has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

United Security Bancshares used its assets more efficiently than the US Banks industry average last year based on Return on Assets.


Return on Capital Employed

Unable to establish if United Security Bancshares improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.


Next Steps

Financial Health

How is United Security Bancshares's financial position? (This company is analysed differently as a bank or financial institution)


Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet

Information is not available.

Information is not available.


Financial Institutions Analysis

United Security Bancshares has an acceptable proportion of non-loan assets held.

United Security Bancshares has a low allowance for bad loans.

United Security Bancshares's liabilities are made up of primarily low risk sources of funding.

United Security Bancshares's level of assets compared to its equity is low (i.e. an appropriate level of borrowing to fund lending).

Loans at United Security Bancshares are broadly funded by customer deposits.

United Security Bancshares has a high level of bad loans (greater than 2%).


Next Steps

Dividend

What is United Security Bancshares's current dividend yield, its reliability and sustainability?

4.33%

Current Dividend Yield


Dividend Yield and Payments Analysis

United Security Bancshares's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.49%).

United Security Bancshares's dividend is above the markets top 25% of dividend payers in United States of America (3.82%).

Whilst dividend payments have been stable, United Security Bancshares has been paying a dividend for less than 10 years.

Dividend payments have increased, but United Security Bancshares only paid a dividend in the past 2 years.


Current Payout to Shareholders

Dividends paid are well covered by earnings (2.2x coverage).


Future Payout to Shareholders

Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.


Next Steps

Management

What is the CEO of United Security Bancshares's salary, the management and board of directors tenure and is there insider trading?

6.1yrs

Average management tenure


CEO

Dennis Woods (71yo)

26.6yrs

Tenure

US$2,261,088

Compensation

Mr. Dennis R. Woods serves as Chairman of the Board, President and Chief Executive Officer of United Security Bancshares. Mr. Woods is the Founding Chairman of United Security Bank and has been its Preside ...


CEO Compensation Analysis

Dennis's remuneration is higher than average for companies of similar size in United States of America.

Dennis's compensation has been consistent with company performance over the past year, both up more than 20%.


Management Age and Tenure

6.1yrs

Average Tenure

66yo

Average Age

The average tenure for the United Security Bancshares management team is over 5 years, this suggests they are a seasoned and experienced team.


Board Age and Tenure

5.3yrs

Average Tenure

69.5yo

Average Age

The tenure for the United Security Bancshares board of directors is about average.


Insider Trading

No 3 month open market individual insider trading information.


Recent Insider Transactions

BuyUS$9,94423 Oct 18
David Eytcheson
EntityIndividual
Role
Chief Operating Officer
Senior VP & COO
Shares909
Max PriceUS$10.94

Ownership Breakdown


Management Team

  • Dennis Woods (71yo)

    Chairman

    • Tenure: 26.6yrs
    • Compensation: US$2.26m
  • Dave Eytcheson (78yo)

    Senior VP & COO

    • Tenure: 18.2yrs
    • Compensation: US$345.56k
  • Robert Oberg (59yo)

    Senior VP & Chief Risk Officer

    • Tenure: 0.8yrs
    • Compensation: US$412.97k
  • Bill Yarbenet (61yo)

    Senior VP & Chief Credit Officer

    • Tenure: 6.1yrs
    • Compensation: US$474.89k
  • Bhavneet Gill (33yo)

    Senior VP & CFO

    • Tenure: 4.4yrs
    • Compensation: US$402.38k
  • Sue Quigley (73yo)

    Secretary & Director

    • Tenure: 2.6yrs
    • Compensation: US$31.40k
  • Ellie Rosenberg

    VP & Human Resource Director

    • Tenure: 0.0yrs
  • Dana Paull

    VP & Compliance Manager

    • Tenure: 0.0yrs
  • Jeremy Snow

    VP & Controller

    • Tenure: 0.0yrs

Board Members

  • Dennis Woods (71yo)

    Chairman

    • Tenure: 26.6yrs
    • Compensation: US$2.26m
  • Tom Ellithorpe (76yo)

    Director

    • Tenure: 18.6yrs
    • Compensation: US$72.74k
  • Stan Cavalla (68yo)

    Director

    • Tenure: 18.6yrs
    • Compensation: US$44.58k
  • Mike Woolf (63yo)

    Director

    • Tenure: 14.3yrs
    • Compensation: US$36.62k
  • Robert Mochizuki (72yo)

    Lead Director

    • Tenure: 0.0yrs
    • Compensation: US$48.62k
  • Kenneth Newby (73yo)

    Director

    • Tenure: 5.3yrs
    • Compensation: US$61.51k
  • Sue Quigley (73yo)

    Secretary & Director

    • Tenure: 2.6yrs
    • Compensation: US$31.40k
  • Ben Mackovak (38yo)

    Director

    • Tenure: 2.6yrs
    • Compensation: US$41.40k
  • Nabeel Mahmood (41yo)

    Director

    • Tenure: 1.8yrs
    • Compensation: US$24.40k
  • Brian Tkacz (42yo)

    Director

    • Tenure: 1.8yrs
    • Compensation: US$19.00k

Company Information

United Security Bancshares's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: United Security Bancshares
  • Ticker: UBFO
  • Exchange: NasdaqGS
  • Founded: 1987
  • Industry: Regional Banks
  • Sector: Banks
  • Market Cap: US$172.420m
  • Shares outstanding: 16.95m
  • Website: https://www.unitedsecuritybank.com

Number of Employees


Location

  • United Security Bancshares
  • 2126 Inyo Street
  • Fresno
  • California
  • 93721
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
UBFONasdaqGS (Nasdaq Global Select)YesCommon SharesUSUSDMar 1996

Biography

United Security Bancshares operates as the holding company for United Security Bank, a state-chartered bank that provides a range of commercial banking services to the business and professional community,  ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/08/23 23:43
End of Day Share Price2019/08/23 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.